Maybe it won't be such a dog if run by different investment managers....
"L1 is expected to provide the funding, licence, systems, branding, distribution and the like, while Steinthal's investment management team picks the stocks. While there could be some idea sharing between L1's new Sydney investment team and its existing stockpickers in Melbourne, which are headed by firm founders Mark Landau and Raphael Lamm, the two teams will run separate strategies."
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